Return-to-office chaos is coming for your tax return
As tax day looms, IRS employees say they're operating out of cafeterias, battling spotty internet connections, and worried about taxpayer privacy.
IRS
There's a million-dollar tax lesson in 'The White Lotus' season finale
You can't escape the IRS — even if you're on vacation in Thailand.
The Treasury Department says IRS Direct File is a failed program. Its creators are worried DOGE is going to kill it.
IRS Direct File is the nation's first free tax filing system. A Treasury Department official told BI it was a failed program with an uncertain future.
The third IRS leader in 3 months quits — with tax day just 6 days away
"We wish Melanie well on her next endeavor," a Treasury spokesperson told BI. The IRS is set to soon undergo further workforce reductions.
The IRS offered employees 3 routes to leave their jobs — or risk being fired
Employees at the Internal Revenue Service were offered deferred resignations, early retirements, and buyouts as the agency prepares to cut more staff.
4 scenarios when it's a smart idea to extend your tax filing deadline to October
Taxpayers have the option to request a tax extension, which gives you six additional months to file your taxes.
A veteran takes us inside his roller-coaster 2025, thanks to DOGE
Monte Burns, 55, was fired from the IRS in February, then reinstated and put on administrative leave this week. It's a relief but stress inducer.
Avoid these 4 red flags that could trigger an IRS audit this tax season
These are the most common mistakes that can lead to an IRS audit, according to a tax lawyer. Here's how to avoid them.
4 charts show how Warren Buffett's Berkshire Hathaway piled up cash, dumped stocks, and made a record tax payment in 2024
Warren Buffett's Berkshire Hathaway nearly doubled its cash pile to $334 billion, sold a net $134 billion of stocks, and paid $26.8 billion to the IRS.
How IRS firings are expected to screw up tax season
The IRS said it was firing people it deemed not "critical" to tax filing season. Employees said the cuts would affect tax returns and enforcement.
IRS firings have begun. Tax evasion enforcement could be hit especially hard.
Firings are focused on new hires, many of whom investigate fraud and evasion.
exclusive
Democrats urge Trump nominees to keep the IRS's free direct-tax-filing tool, touting it as a DOGE-friendly program
In a letter exclusively shared with BI, Sens. Elizabeth Warren and Chris Coons said the program "meets the DOGE leaders' goals" for a tax-filing app.
Trump says he'll create an 'external revenue service' on Day One to help collect tariffs and revenue from other countries
Trump said his new "external revenue service" will go into effect on January 20 to help the US collect more revenue from foreign countries.
What to Expect from an IRS Audit and How to Prepare
Tax auditing allows the IRS to double-check tax returns to make sure the right amount of tax was paid, and it could result in paying more taxes.
29 House Republicans want Trump to scrap the IRS's free direct tax-filing tool on day one of his presidency
GOP lawmakers are framing the IRS's free direct tax-filing system as an example of the "weaponization of government against Americans."
How to Contact the IRS: Multiple Ways to Get Assistance With Your Taxes
Need to reach the IRS? This guide provides the most up-to-date contact information, including phone numbers, online tools, and details on visiting your local IRS office.
Thinking of gifting stocks this holiday season? 4 tips from a financial advisor.
Gifting stock can be an effective way of passing down wealth and paying less tax. Megan Miller shares four tips for gifting shares.
Looking to invest in crypto? Avoid these 4 common pitfalls.
Trump's reelection has sparked a new wave of interest in cryptocurrency. Here are 4 beginner mistakes to avoid.
Americans moving to Canada should be aware of these 4 tax and investment implications
Interest in moving to Canada has spiked among Americans. Financial advisor Tiffany Woodfield shares 4 ways it'll impact your finances.
An early retiree explains the IRS rule he uses to withdraw $20,000 a year of his retirement money penalty-free even though he hasn't reached age 59 ½
Early retiree Eric Cooper Googled, "How do I access my retirement funds early without penalty?" he said. "And that's when I learned about the 72(t)."